General Electric CEO: A Transparent Turnaround Plan | Mad Money | CNBC

[@BrianGondo]

Interviewer sounds like a cheerleader

[@AriVovp]

The first statement is all about polishing the play book to retail investors.

[@NBegian]

I wonder how much GE paid Kramer for this interview. The CEO was pumping the stock.

[@0118uhauha]

Weird how many fine words politicians and CEO's can say without even coming near the truth. Let Mr. Markopolos take a look on Mr. Trump's tax returns and tell us who the person actually is governing America , because we will never know from Trump himself.

[@Dougie1969]

@@0118uhauha WTF does any of this have to do with the President. Damn some people are obsessed. Get help

[@2345cbreslin]

where the company is headed?...um it seems to be bankruptcy

[@b.f.skinner4383]

‘Strengthen the balance sheet’ = cook the books. RIP GE

[@mr.fibonacci6292]

Anddd they’re screwed...thank you Harry Markopolus

[@redarrowhead2]

Joey Yared I think it's very sad

[@Dougie1969]

Markopolis doesn't have jack shit He's the fraud

[@gregh7457]

@@Dougie1969 exactly. markopolis gave the results of his still-secret investigation exclusively to a hedge fund that planned to short GE stock in advance of publication. In exchange, the hedge fund shared its profits with Markopolos.

[@Dougie1969]

@@gregh7457 Yeah I've read about it some. I'd like to know why they haven't arrested him yet ?

[@janicefoundas9163]

Bring back the PPE! Get rid of the bad managers! Grow new people so you can replace those who retire!

[@TheDaftySage]

In 2020 we'll be in a much better situation. Well that aged well.

[@ASPEDBUSDRIVER1]

Board director: "Alright, Larry. The narrative worked great the other day. Share prices rose 2%! That's best we've seen in 5 years here at GE so stick to the script." Larry: "Hold my beer." Larry: "Are we live? Okay. I'm transparent, very transparent. We need a serious reset at GE. Now what does that mean exactly? It means that going forward, we're not going to sugar coat things because I believe honesty is key. Why should you buy shares of GE stock you ask? Well I'm not gonna tell you to do that. You know why? Because I'm different from the other CEOs. I'm an outsider. An outsider who's transparency matches his honesty. That's what makes me different. That's why I'm equipped to do this. I can't strengthen the balance sheet over night. It's going to take a couple years and some patience. But integrity is going to be the driving force moving forward: integrity, honesty and... shit.. wait what was the first one, again? Oh yeah! and transparency."

[@billrundell2097]

GE has huge finical problems that extend into the far future. 2/3 of GE are investments and 1/3 manufacturing. There is no hope for GE in either. Mr MaGoo could give better leadership. Return to light bulbs might be the way.

[@michaelallen1396]

All because of the liar loans and the GS mafia talking the dunces at GE into buying their trash, and the slime at GS walked away whole.

[@georgekush349]

You predicted the future dude!

[@zacksnyder4082]

Why is everybody so negative on GE?? 😁😁Guess I will just have to keep buying more

[@warntheidiotmasses7114]

Because you couldn't mismanage a company any worse unless you had a bigger gun to your head. Next crisis actor up to run the company into bankruptcy.

[@zacksnyder4082]

@@warntheidiotmasses7114 GE is in a better position than Rolls Royce and Raytheon. I guess you will be buying when it is $30 and your boy Tusa tells you it is a good buy😁😁

[@warntheidiotmasses7114]

@@zacksnyder4082 How would you know? The toxic liabilities' final cost is unknowable . Didn't Edison already make the first electric car? Where's GE? Nope, Tesla. Where's GE on home electric standby generators? Nope... that would be Generac stealing the march. Oh but wait, long term care insurance policies priced so poorly it's probably going to bankrupt the company. Care to publish who bought all those policies? Whose friends of friends got such sweet deals? The entire Masonic lodge brotherhood? They seem to be too preoccupied with outsourcing and bell curve firings so they can diversity hire and promote rather than create anything new. I doubt the cadre of "yes" men and women promoted into management, women mostly, could explain to you how a jet engine or MRI scanner works let alone create one. Buying back stock all through the late 90's up into the 50's. Brilliant! What better way to communicate to the world we have no idea how to grow the company but thank the lord our predecessors had talent.

[@zacksnyder4082]

@@warntheidiotmasses7114 GE had lots of people cancel their long term care policies this year and recently settled the write off on their balance sheet putting the issue behind them. Their pension deficit is shrinking and is pre funded till 2023. They are also divesting some of their pension liabilities for a lump sum. Which I expect them to do more of. Larry Culp has gotten rid of 140,000 employees, has improved their balance sheet tremendously, and is removing the bureaucracy culture within the company. They are best in class for all their segments and are likely going to be seeing improved margins. Rolls Royce is currently needing the UK to bail them out and Raytheon isn't thriving. I know Immelt was a terrible CEO. But, Culp is making all the right moves and eventually the stock will have a 500 billion+ marketcap

[@zacksnyder4082]

@@warntheidiotmasses7114 At home generators and electric cars😁😁 What does that have to do with anything? 2 low margin businesses that have poor outlooks. GE sold off their low margin appliance and lighting businesses to Chinese companies who will pay them a royalty and assume their pension obligations. The electric car market is soon going to be flooded with low cost production from legacy car manufacturers with better established distribution and manufacturing capabilities. They will likely take Tesla's lunch money. Not only that but, Tesla is losing its tax credit this year and since the other manufacturers are making their own electric vehicles they won't be buying Tesla's regulatory carbon credits which without, Tesla would make still operate at a loss.

[@chriswilliam2956]

You owe me CHRISTOPHER WILLIAM HARRISON

[@jonc2430]

Why does every comment section have to have at least one comment regarding Trump when the video has absolutely nothing to do with him

[@Dougie1969]

Best comment of the month award.

[@gregh7457]

political savants rule the internet

[@willarddonnovan6773]

They pay a guy a few hundred million to lever the company to the hilt?Another guy a few hundred million to make deals that defy logic? or.seal the company's fate?, and now this guy who will see the company through bankruptcy?. I don't think any of this is by chance..there are no coincidences, only conspiracies. Conspiracies are logical. Coincidences are long shots.

[@johniii8147]

It’s only getting worse

[@Tony-yn5rr]

New CEO new all time low. Thats GE BABY

[@wingmanbbc]

Short sellers work to destroy corporations as they make money. I wish them well with their karma.

[@SimplystevenR]

Anthony 😂

[@pdgutierrez8784]

Well how is paying my friend cramer. GE in March 18 2020 looks terrible down from $13 to $7 crononavirus. too late to sell??? why did cramer back this company?

[@zacksnyder4082]

I guess you missed that little part where global air travel declined 96%.

[@ThinkPositiveDude]

GE is toast, they won't be able to compete with Chinese companies.

[@michaelallen1396]

What you mean is Chinese slave labor and the stolen proprietary information their spies got from GE and Siemens, right?

[@jjjj5452]

@@michaelallen1396 hey if it makes money...

[@gregh7457]

@@jjjj5452 i can see your parents did a fine job with your moral compass

[@jjjj5452]

@@gregh7457 thanks, u r kind

[@elitehunterz]

RIP

[@James_Bowie]

GE: dead man walking.

[@willarddonnovan6773]

You're top heavy with hysterical female managers and a lot of unhappy productive males who either can't get a promotion or get laid off because of age and pay level.

[@mr.anderson9938]

Willard Donnovan dang, there is deep rooted mommy issues here. Praying for ya

[@willarddonnovan6773]

@@mr.anderson9938 You're.prayers.have.been.answered!!...I.moved.to.a.3rd.world.country.sleep.with.women.half.my.age.,work.for.a.Chinese.company.who.doesn't.HAVE.to.hire.and.promote.females.unless.it.makes.sense,.a.GE.competitor.helping.them.get.better.at.taking.jobs.from.Americans.AND.I.tell.my.sons.to.F.that.country.before.it.F's.them.Save.your.money.I.tell.them.and.move.to.a.3rd.world.country.to.have.your.family.so.you.don't.have.the.pimps.down.at.the."bust.up.your.family".cohorts.telling.you.you.have.to.pay.for.all.that.sex.and.housekeeping.

[@kchoi4307]

Allahu Akbar